REGISTERED NUMBER: 04702608 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Two Guys Kitchens Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A G Marshall

SECRETARY:

Mrs J E Marshall

REGISTERED OFFICE:

Armstrong Road

Daneshill East Industrial Estate

Basingstoke

Hampshire

RG24 8NU

REGISTERED NUMBER:

04702608 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Tangible assets

4

68,924

86,350

CURRENT ASSETS

Stocks

25,940

33,861

Debtors

5

80,357

27,483

Cash at bank

161,854

176,586

268,151

237,930

CREDITORS

Amounts falling due within one year

6

260,353

213,076

NET CURRENT ASSETS

7,798

24,854

TOTAL ASSETS LESS CURRENT LIABILITIES

76,722

111,204

CREDITORS

Amounts falling due after more than one year

7

(61,289

)

(72,652

)

PROVISIONS FOR LIABILITIES

10

(13,981

)

(15,172

)

NET ASSETS

1,452

23,380

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

1,352

23,280

SHAREHOLDERS' FUNDS

1,452

23,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2026 and were signed by:

A G Marshall - Director

1.	STATUTORY INFORMATION

Two Guys Kitchens Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

1,986

180,315

182,301

Additions

-

16,630

16,630

Disposals

-

(61,870

)

(61,870

)

At 31 December 2025

1,986

135,075

137,061

DEPRECIATION

At 1 January 2025

1,986

93,965

95,951

Charge for year

-

22,975

22,975

Eliminated on disposal

-

(50,789

)

(50,789

)

At 31 December 2025

1,986

66,151

68,137

NET BOOK VALUE

At 31 December 2025

-

68,924

68,924

At 31 December 2024

-

86,350

86,350

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

52,330

23,425

Other debtors

28,027

4,058

80,357

27,483

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

12,399

18,000

Hire purchase contracts (see note 8)

13,879

12,465

Trade creditors

116,301

109,024

Taxation and social security

66,641

48,684

Other creditors

51,133

24,903

260,353

213,076

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

21,162

32,058

Hire purchase contracts (see note 8)

40,127

40,594

61,289

72,652

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

13,879

12,465

Between one and five years

40,127

40,594

54,006

53,059

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

-

3,600

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

54,006

53,059

The obligations under hire purchase agreements are secured against the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

13,981

15,172

Deferred

tax

£

Balance at 1 January 2025

15,172

Accelerated capital allowances

(1,191

)

Balance at 31 December 2025

13,981

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

A G Marshall

Balance outstanding at start of year

-

-

Amounts advanced

8,400

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,400

-

This advance was made interest free to the director and was repaid after the year end.